Short Interest Change: Is Brookline Bancorp Incorporated (NASDAQ:BRKL) a Buy? The Stock Reported more Sellers

November 28, 2016 - By kentuckypostne
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The stock of Brookline Bancorp Incorporated (NASDAQ:BRKL) registered an increase of 10.8% in short interest. BRKL’s total short interest was 1.15 million shares in November as published by FINRA. Its up 10.8% from 1.04 million shares, reported previously. With 194,700 shares average volume, it will take short sellers 6 days to cover their BRKL’s short positions. The short interest to Brookline Bancorp Incorporated’s float is 1.68%. The stock closed at $15.25 during the last session. It is down 32.61% since April 25, 2016 and is uptrending. It has outperformed by 26.59% the S&P500.

Brookline Bancorp, Inc. operates as a multi-bank holding firm for Brookline Bank and its subsidiaries; Bank Rhode Island and its subsidiaries; First Ipswich Bank and its subsidiaries, and Brookline Securities Corp. The company has a market cap of $1.09 billion. As a commercially-focused financial institution with approximately 50 banking offices in greater Boston, the north shore of Massachusetts and Rhode Island, the Company offers commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services in central New England. It has a 20.48 P/E ratio.

Insitutional Activity: The institutional sentiment increased to 1.05 in Q2 2016. Its up 0.16, from 0.89 in 2016Q1. The ratio is positive, as 14 funds sold all Brookline Bancorp, Inc. shares owned while 51 reduced positions. 10 funds bought stakes while 48 increased positions. They now own 49.47 million shares or 6.05% less from 52.65 million shares in 2016Q1.
Arizona State Retirement Sys reported 36,539 shares or 0.01% of all its holdings. Adage Capital Prtn Gru Lc accumulated 0% or 75,000 shares. Legal General Gp Public Ltd holds 0% or 11,953 shares in its portfolio. The Illinois-based Citadel Advsr Limited Com has invested 0% in Brookline Bancorp, Inc. (NASDAQ:BRKL). The California-based California Employees Retirement Systems has invested 0.01% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Blackrock has 17,206 shares for 0% of their US portfolio. California State Teachers Retirement Systems holds 145,185 shares or 0% of its portfolio. Fiduciary Trust holds 0.03% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 82,488 shares. Millennium Mgmt Limited Liability Corp last reported 0% of its portfolio in the stock. Quantitative Systematic Strategies Ltd Company holds 0.06% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 11,467 shares. Private Cap Mngmt Limited Liability Co last reported 0.06% of its portfolio in the stock. Blackrock Fund Advisors accumulated 0.01% or 4.46M shares. Teacher Retirement Sys Of Texas accumulated 41,068 shares or 0% of the stock. Mizuho Trust And Bk Co Limited has 105,700 shares for 0% of their US portfolio. Highlander Cap holds 10,000 shares or 0.1% of its portfolio.

Insider Transactions: Since August 26, 2016, the stock had 0 insider purchases, and 7 selling transactions for $1.21 million net activity. Another trade for 10,000 shares valued at $151,500 was made by SLOTNIK JOSEPH J on Monday, November 14. The insider HACKETT JOHN A sold 1,500 shares worth $22,455. 12,500 shares were sold by Cosman James M, worth $188,125 on Wednesday, November 23. Another trade for 21,402 shares valued at $318,676 was made by CHAPIN DAVID C on Tuesday, November 22. McCurdy Michael W. had sold 9,200 shares worth $108,560 on Friday, August 26. ROSE M ROBERT sold 10,525 shares worth $157,033.

Brookline Bancorp, Inc. (NASDAQ:BRKL) Ratings Coverage

Out of 3 analysts covering Brookline Bancorp (NASDAQ:BRKL), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Brookline Bancorp has been the topic of 5 analyst reports since September 3, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Compass Point given on Thursday, October 22. The firm has “Hold” rating by Sandler O’Neill given on Tuesday, June 7. On Friday, November 18 the stock rating was downgraded by Compass Point to “Neutral”. As per Thursday, September 3, the company rating was upgraded by Sandler O’Neill. The stock of Brookline Bancorp, Inc. (NASDAQ:BRKL) earned “Neutral” rating by Piper Jaffray on Wednesday, September 16.

BRKL Company Profile

Brookline Bancorp, Inc., incorporated on April 11, 2002, operates as a multi-bank holding firm for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp. (BSC). As a commercially-focused financial institution with approximately 50 banking offices in greater Boston, the north shore of Massachusetts and Rhode Island, the Company, through Brookline Bank, BankRI and First Ipswich (individually and collectively the Banks), offers commercial, business and retail banking services, including cash management products, online banking services, consumer and residential loans and investment services in central New England. The Company’s activities include acceptance of commercial; municipal and retail deposits; origination of mortgage loans on commercial and residential real estate located principally in Massachusetts and Rhode Island; origination of commercial loans and leases to small- and mid-sized businesses; investment in debt and equity securities, and the offering of cash management and investment advisory services. The Firm also provides specialty equipment financing through its subsidiaries Eastern Funding LLC and Macrolease Corporation.

More notable recent Brookline Bancorp, Inc. (NASDAQ:BRKL) news were published by: Prnewswire.com which released: “Brookline Bancorp, Inc. Names Darryl J. Fess President and CEO of Brookline Bank” on September 21, 2016, also Marketwatch.com with their article: “Brookline Bancorp Inc.” published on July 16, 2009, Prnewswire.com published: “Brookline Bancorp, Inc. Announces 2016 Annual Meeting Information” on January 28, 2016. More interesting news about Brookline Bancorp, Inc. (NASDAQ:BRKL) were released by: Seekingalpha.com and their article: “Earnings Preview: Brookline Bancorp, Inc.” published on June 13, 2016 as well as Prnewswire.com‘s news article titled: “Brookline Bancorp, Inc. Names John M. Pereira to Board of Directors” with publication date: June 24, 2015.